HomeMy WebLinkAbout0621 J. To plsce a~d cenNnuovsiy keep a~ ihe b~~'~iu~gt n.,w o~ hr~eahe~ fltuate on sa:d ~and and an ali equ~pment and paionat~y covered by this mwtp•
~p~, with all pre~»l~ms thereon po d m full, fuc i~nurante ~n the vs•~a: s~a~xla+d po'~cy Fonn, in • sum eppruwed by ~he MORjGAGEE, and wmdatorm
in~urante in the usual •randa.d p~i~cy fonn, in a s~:n a~,p~o+rd by th~r MORTGAGEE, in such to~npany w tompanies af IM MORTGAGEE may
direct; •nd all firo and w~nJstu~m insuren~@ pol~cies on •ny of se~d twilJ~n~s, any iMe~e~t there~n or part tMreoi, i~ tM apyreyat~ ~um ~foresaid w
In •:cess Iherco(, shaU contam ~hs wu~l a~endard mo~!gdgee ciause o~ such other ctauss ~i ~he Mortyayee may rcqu~r~, mskiny IM lo~s under ~s~d po1F
cies, each and every, pa;able ~o said ASpRIGAGEE a~ ~b ~ntcresr n,ay appear, and each and every such po!~cy eh~U be promptty •ia y.~ed a~d del~ve~ed to '
•ny held by ~eid MORiGAGEE as furiher securny to s.+~d mu:tgage debt, and ~01 lesi than ten (10) days i~ advance of the expiration ol uch po!~ty, to dr
livei to sa~d MORTGAGEE a ro~iewal Ihe~eof, ~ogethar w~th a rece~p~ for the premium of svch rene,~va'; and thero shall be no firo or wi~~dstorm insurant~ ,
placsd on sny o1 said build~ngs, any intrresf thercm or part thercof, unlesf in the (orm and with the loss payable as afwesaid; and in the event •ny sum
of mooay becomza payable under s~ch policy w pot~c~es said I~ORTGAGEc shall have tha op~~on to rece~ve and epply the iame on scco~nt ot ~he indrbted-
ness secu~ed hr~eby or ~o permi~ sa~d MORiGAGORS ro rcceive and uu it a any pa~t Me:eol icr otner pwposrs, wi~hc~l th~veu~ wei~+,~~ or unpair•
inq any equ~ty, lien cr r~ght under w by v~rt~e of this mcr:gage; and ~n •he aveN sa~d MORTGAGORS sAal~ (or any reason (sil to keep the sa~d pr~mise~ so
insurcd, w fail to delivor promptly any ot said pol~c~es of i~su~ance to ~a~d MORTGAGEE, o~ fai! prompily lo pay fully any pre~nium thereto~ a in any
reipect tail to perfam, d~schar~a, eaecute, c(~ecl, con+ple~e, compl~r wirh and abide by this cove~a~t, or any parl hereof, said MORTGAGEE mey p~~te a~yd. -
pay iw such insurance or any part thereof w~thout walving or afftding any optiw~, lien, equ~ty, or righf u~de? or by virtw of this Mortgage, •nd t~
full amovnt of each and every wch payman~ shall be immediately due and payable and shail bear imereat from tM date thereof until paid at the rate o! "
nine per cent~m per an~u~n ond to~rthrr with svch ineer,;st shali be sac~red by the lien of this mortgage. ~
To permit, commit or auffer no waste, i~npairment or detrrioration of safd p~operty or eny part the~eof.
5. ~o pay all and si~g~tar the costs, charges and expensrs, ioduding a ~easonable anorney's fee and costs of abstratri of title, incurred oi psid at
any time by said MORTGAGEE, because or in ~he event of the fa:lure on the pa~l of ~he aaid MORiGAGOR to d~Iy, promprly ~nd fully perlo?m, d~uharg~.
execute; effect, cor„p:e~e, co•npty w~~h and ab de by rach and eve.y the s~ipulahons, egreemenri, condn~ont, and covenaros of said promissory note and rhis
matgage a~y w eiiher, and sa~d costs, chargrs and expe~ses: each and every, shall be immcKl~ately due and payable; whe~her p not there be notlce de~
mand, attempl fo co:lect w auit pend~ng; and rhe full amount ot each and every such payment shall bear interest from the date Ihereof until paid at tht
rate of n~ne per ten;um ixr e~~~~•..rn; and oll aa~J ccsts, charges a~~d caper.srs ~nturred or paid, togtthzr w~~h suth interest, thall be setured by ths lien of Ihq
mwtgage•
6. That (a) in t1~e event oi any b~each of this Mortgage or defau3t on th~ part of the MORTGAGOR, or (b) in the eveM any o~ said sumf of money
herei~ refured to be rro~ promptly and fully paid w~thin eh;•ry (30i days next a'!er the sen,e seve~asly become due and payable, withoul demand o? notice,
w(t) in the event each and eve.y tt~e shpu,af~ons, agreements, co~~dit~ons and covenants of ta.d pranisaory note and th~s mortgafle a~y w e~the~ are no~
~uly, promptly and futly pe.formed, Jacharged, eaec~etzd, effecr~d, con,p~eted, compi~ed wlth and ab~ded by, tFxn in e~ther o~ any such weN the sa~d ~g
gregate sum ment~oned in sa~d pro+n+sswy nate then remaining unpa~d, w~th imerest accrued, and a~~ moneys secv~ed hereby, shall become due and pay
able to~thwith, or thereafre~, at the op~~on of sa~d MORTGaGEE, as fuiiy a~ complete~y as it all of the said sums of money were a.ginally stipulatcd
to be pa~d on such day, anyth~ng in sa d pro~r.,xory note or in this ldwtgage ~o the con~rary nOtJVithitanding; and thereupon or thereafter a~ the opGOn of
said MQRTGAGEE, v.~rhout nor,ce o+ armend, suit at law w in eqony, therefure or therealrer begun, may be proucu~ed as if all moneys tacured hereby
nad matured pnw to rts inst~tw~o~.
7. That in the evrnt that at the beginn;ng of w at any ume pend~ng any surt upo~ thia Mo~tgage, or to forcclose it, or ro reform it, or to enforce
payment oF any da~ms he~eu~~drr, aaid IdORTGAGEE shall rpply to tFe Co~n ha+ing ~u~nd.ct~on thereof for the appointment of a Receiver, such Cou~t shall
Fwthwith appo~nt a receiver of said mwtgaged property all and sirtgular, inc:ud ng ui1 and s~ngu!ar the income, probts, issues ~nd revenues f~o'n whatevei
sour~e derived, each and eYery of wh~ch, ~t bemg express~y onde*stood, ~s he~eby mortg,iged as ~f spet~fically sN fort6 and deuribed in 1Fie pranting s~d
habendum c{auses hereof, and svch Rece~Yer shalf have aiI the b:oad and effecrlve fu~c!.cns and powe~s in anywise entrusted by a Court to a Receiver, and
s~.ch appoirtfmant s!,a11 be made by s~ch Cou•t as an ed~~~rtr~d eq~ity and a matter of abso~ure rlgh~ ro sa~d MORTGAGEE, ~nd without reference ro the
adeqvacy o+ inadequacy of the val~e of the property mor!gaged ot to the so.vency or ~nso..ency of sa~d MORiGAGOR ot fhe defendants, and that fuch
rems, profits, incane, issues and revenues shail bc appi~ed by such Retrive~ auo~d:ng to the lien or equity of said MORTGAGEE and the pradice of such
COUrt.
8. To du!y, promptty and ful~y perform, discharge, execute, effect, co~rpiete, [ompf~ w~th and abide by each and every the stipuiations, ayreements,
conditions and covenanri in sa~d prom~aso*y note a~ed th s mortgage set foith.
9. That in the event ~he ownriship of the rsortgaged prem~ses, or any part thereof, becomes vested in a person other thsn the MORTGAGOR, the ~
MARTGAGEE, i+s successors and ass~~ns, may, wrtno~t no:~ce to the t10RTG~02, dea{ wrth s~ch successw or successor in interest wi~h reference to this
mwrgage a~d +he d_bt 1:ereby secu~ed in ri~e same ma~,ner as v,rrth Moregagor w~thout in any way vitdating or d~scharg~ng the Mortgagors' liability Furr
under or upon tiie debt hereby secured. No sale o~ the prem~srs he~eby mortgaged acd no forbearante on the part of the MORTGAGEE or its successon
or ass~gns and no exte~+s~on of the t~me for ~he paimem of the debr hereby aec~red givrn by rhe MORTGAGEE or its successors ot au~gns, aiiall operats
to re+ease, dscharge, modify cher.ge or affect the o:igma! ~~au~l~ry of ~he A!QRTGAGOR he~ein, either in whole or in part.
10. It is spec:~~catiy agreed that time is of the euence of th~s contract and that no waiver of any obligation hereuoder w of the obligation se-
cu~ed hereny shatl at any time thereafter be hcld ~o be a~n•ai.er ol tfie terms hereof or of the ;nstrumen~ setured he~by.
11. In ad~~.!,:.n r~ the forego ~*.enth!y ~;ayn-.~ n!s of pnnc'pa! and ~nrer~sT req~~red by ~he prom;sscry no~e secwed hereby, mortgagor covenants
, and agr~es to pay ro r.:o•tg.;gce ~.,m ca=h r. o::rh y;..~,: :e::t an add~riona~ su~n esr:n,a:ed by mo.tgagee to be eq~al to 1; 1~ of the ann~al cost of the fo~low-
i :ng: -
i A--AIt rea~ propeny ta,as ie.~e~ or assessed ega~^sr t~:c ac~ye dNsc•~b~d rea~ es'are.
~ B-Pr:;n..~•ns on F:re ar.d rnr:dsro ~n msv~a~ ce as i~er~•~n r~q~:~ed to be ca~rird on the :m;,roveme~ts sYuate on the above described premises.
i
i C-Prem~ur*.s o~ s~ch morty,g~ guera,:Ty ~rs.,ra~ .e as n:~rryagee shail 'rc r t me to :~me deem fit to carry on the toan sec~red hereby.
~ Mo~tgagee shj!i .'~cm t~,~,e to ~;n:e nor:f; mutyagor ~n writ~ng of the a~:~o:.nt doe and payable hereundxr and such sum shaU thereupon be d~e and
~ rayable on the d~e ~a!e of !he ~~~~~t .~,o~1h,~ p-3yment and eech svccess~ve -*o~~'h she•eafr_r ur.Til mcrrgagee shall notiiy mortgagor of a change in such
~ a~,ovnt. Such wms s1 a:i be a~~. ~eti by morrguy~:e to~:ard ~he payment of real property taxes. insurance prem;ums, and mortgage guarenty insurance
i
premiums.
~ IN WITNE55 WNEREOF, the aa~d MORTGAGOR has hereunro set his har.d and sca~ the day an~~p~ #irst aiores
~ Signed, Sea:ed and deiivered in the presence of: , '
~ ,~u., - - ` D~vid L.'~iunke +4
~ - ~ ~ i~l. _ 'tt~_ ~ f-1L~ (Sea~
~ _ ~ % C _ Susan J.= Huuake r~,q .
~ SiATE Of FLORIDA
~ _ St._Lucie
COUNTY OF _ _ ~
~ Before me personaliy appeared _ ~V1~ Htu~1eQ_- and
~ _ SL153i1 , H~kg his wife, to me well known and known to me to bs
~ rhe individ~ais describrd in and who executed the foregoing instrument, and acknowledged before me ihat they executed Ihe same for the pvrposes
~ rherein expressed. And the said.__ Sl1SaZl .7 _ Hulpj(~
F ++~fe of the said _ _ DaVltj L. 1•fumlc~ , uFwn • ieparate and privat~
~ exam~nat~on by me taken separate and apa~t from her sa~d husband, acknowiedged to and before me that she executed seed instrument freely and volurr
~
l iaruy and wAhout any con,pu:s~on, const~a~nt, apprrher.s:on, or fear of or from her uid hus6and.
~ -
~ ' WITNESS my hand and off~cial seal this_. _~2 - day of Jul~l A. D. 19~j]
~
' 1tlEG t~- ~ • ~----~s=~..~-Lt~t , i~ - ~~.~C~2- -
y 3~•?~V'QED Notary Public in end for the%Sfate of Fbrids at larpe
" aT. ~V~{~ Jy~AS My Comm~ssion expires: L ~ C3 •'7 ~
; fiC~ ~
~ Return To: CL~~.~ ,i,;;
3 fint Federal Savinga 3 loan Assoc~af;on ~F^'f~ ; ~~URT _ , .
: F ~ +
~ Of fc~t P .~-c^. `~+~++.~r 1! ~ ~ . ~
~ forr V,erce. F'orc!a {~ut 1~ [ 2~ PM ~~b
~ - ~
~ 3~~~1.~:~t1
~ .
~ This Instrument Prepared By J. N. Robett s Jr .
~ First Federal Savings 8 loan Association ,
of Fort Pierce, Floric9a 33450
,
~ Checked By -
:e •
~ F ~ j~,'~~J F~l~ t
~ •
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